The $1 CEO
CEO Sehat Sutardja was making $657,000 before the change, and chief technology officer Pantas Sutardja was making $400,000. Dai also requested a $1 salary, versus the $220,000 she would have collected this year. It’s an old gimmick. Cisco CEO John Chambers took a $1 salary for years during the telecom downturn. Of course, Chambers made enough in stock options to buy a South Pacific island, so investors didn't exactly shed tears of sympathy for him. (See Cisco Renews Options Parade.) Likewise, Sehat Sutardja and Dai (his wife) own more than 53 million shares of Marvell, not counting another 20 million owned by a family partnership, according to an October SEC filing. Pantas Sutardja's holds about 39 million shares in a family trust. Somehow, I think they'll be OK.
— Craig Matsumoto, West Coast Editor, Light Reading